Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Manukau Economic Growth Rate Tops 7%

10 August 2004

Manukau Economic Growth Rate Tops 7%

Manukau's economy grew at 7.3% over the year to March 2004. Population growth and the surging property market were major factors. The population grew by around 10,000 and Manukau is fastest growing city in New Zealand, although a slowdown is expected over this year due to an expected big drop in immigrant numbers.

Although the New Zealand economy as a whole has been very strong, Manukau's growth was around double the national rate.

The city's fast-rising population produced strong demand for new housing, particularly in and around Botany. This has fed into strong retail spending and in wholesaling. Last year was a great year to own a retail business in Manukau - sales were up by 27%, which is three times the national rate.

The bustling economy produced 7,500 new jobs and as a result the Manukau unemployment rate fell by 10% and the jobless total is now 14,389. However, as elsewhere around the country, many businesses are struggling with a labour shortage and cannot find enough staff - both skilled and unskilled positions are going begging. This also affects building-related trades such as building and plumbing. The biggest job gains came in the property sector because of the hectic construction activity.

Although the growth factors are expected to ease this year, in particular migration and demand for housing, recent spending announcements in the Budget will be a further stimulus to the Manukau economy. Much of the new social spending to target problem areas will focus on parts of Manukau, boosting the economy by around $160 million and create 1300 new jobs.

Mayor Sir Barry Curtis says it's gratifying to see the city moving ahead so fast. "It adds to our overall prosperity and also creates employment for our new residents and school leavers. Manukau enjoys a number of natural advantages that make it attractive to new businesses, such as our location and reasonably-priced land. But the Council's business-friendly approach is also a factor.

"We are determined to continue playing our part in assisting economic development of the city. That includes not just providing basic infrastructure such as good roads, but also also working hard to attract new business start-ups and helping them flourish. However as well as attracting New Zealand companies we are now also aiming at persuade foreign businesses to move here. It's a global market now and Manukau must be competitive with cities such as Brisbane, Sydney and Melbourne to prosper in future."

Although the 2003 growth rate was unusually high, strong economic growth is expected to continue in coming years, and with that will come many career and job opportunities. Council research indicates that over the next 7 years there will be an extra 166,000 job vacancies within Manukau - and that includes openings for 107 clowns, magicians and acrobats!


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news